Payment Systems Best Mobile Payment Apps for Safe Transactions | Part 1

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Mobile payment apps are changing the way people settle financial transactions. They move cash to where it needs to be while working in the background. With just your mobile phone, it is possible to make convenient in-store purchases, pay your friends and colleagues back, make international transactions, and more.

But as the market for these apps continues to grow, how do you know what works best for you? Not to worry, we’ll provide you with a quick rundown of the top mobile apps to meet your everyday banking needs.

Mobile Payment App
Photo by whistleout


What Are Mobile Payment Apps?
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What the software does best is processing online purchases through mobile. In fact, it’s compatible with Visa Checkout and over 350,000 online merchants. The payment process is also very quick and simple. The program also protects user privacy by encrypting credit card details and using digitized tokens instead of the actual numbers. The service is also protected by Samsung Knox, which monitors the devices for suspicious behavior. The software includes a Store section for purchasing gift cards and a Deals section for almost everything. Frequent users of the app also get incentives like rewards points.

Samsung Pay’s compatibility with a wide number of merchant apps and the quick payment process it offers makes it the perfect app for contactless purchases. Samsung Pay is exclusively available for Android.

Download Samsung Pay for Android Samsung Pay - Apps on Google Play


Cash App

Photo-by-cashapp.png


Cash App, formerly known as Square Cash, is a mobile payment app developed by mobile payments company Square. The app enables users to make digital transfers to friends and family. Cash App lets you request or sends cash to anyone, and they don’t even need to have a Cash App account. If you want to pay someone or receive payment from them, all they have to do is click on the Cashtag page attached and enter their debit card information. A separate app model is being used for business purposes and requires a special Cash App business account.

Getting started with the Cash App is relatively easy. Just enter a phone number or email address, and take note of the confirmation code. You can then add in your name and create your own “Cashtag” or unique Cash app name to send and receive payments. Then, you will need to link a debit card or credit card to your account. Simply enter the amount of money you want to pay or receive, then tap Pay or Request. Then you can add a name from your address book along with a short note. The system asks for a PIN code or fingerprint scan before transferring funds.

And although debit card transfers are free, the app charges a three-percent fee for credit card transactions. The app lets you send anywhere between USD 250 to USD 2,500 per week, depending on which state you live in. Meanwhile, there’s no limit to the amount of cash you can receive. But additional verification is required for amounts exceeding USD 1,000. You can even refund a person who paid you through the app.

Cash App is, overall, a simple and versatile solution for long-distance payments.

Download Cash App for Android CashApp - Cash Rewards App - Apps on Google Play

Download Cash App for iOS ‎Cash App
 
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